Kentucky Attornment Agreement between Lessor and Sublessee of Lessee

• Category: Landlord Tenant - Subordination
• State: Multi-State
• Control #: US-0187BG
• Format: Word; Rich Text

Description

This form is an attornment agreement between lessor and sublessee of lease. A Kentucky Attornment Agreement between Lessor and Sublessee of Lessee is a legal document that establishes the relationship between the lessor (original landlord), sublessee (tenant) and lessee (original tenant) in the state of Kentucky. The agreement ensures that in the event of a transfer of ownership of the leased premises, the sublessee will recognize the new lessor as the landlord and continue to pay rent to them. This agreement provides security to both the lessor and sublessee by ensuring that their rights and obligations are protected throughout any changes in ownership. There are a few different types of Kentucky Attornment Agreement between Lessor and Sublessee of Lessee, depending on the specific circumstances: 1. Simple Attornment Agreement: This is the most common type of attornment agreement. It outlines the agreement between the lessor, sublessee, and lessee, stating that the sublessee acknowledges the change in ownership and agrees to continue paying rent to the new lessor. It also includes provisions for the new lessor to assume the responsibilities and obligations of the original lessor. 2. Attornment Agreement with Recognition of Security Interests: In cases where the leased premises are subject to any existing liens or security interests, this type of agreement includes provisions for the sublessee to recognize and respect these interests. The agreement ensures that the sublessee will cooperate with the lessor and any secured parties in protecting their respective rights. 3. Attornment Agreement with Lease Modifications: In some situations, the change in ownership may lead to modifications in the original lease terms. This type of attornment agreement outlines any changes and adjustments that need to be made to the lease agreement and ensures that the sublessee agrees to these modifications. It is important for both the lessor and sublessee to carefully review the Kentucky Attornment Agreement between Lessor and Sublessee of Lessee before signing. Legal advice should be sought to ensure that the agreement protects their interests and complies with Kentucky state laws.

A Kentucky Attornment Agreement between Lessor and Sublessee of Lessee is a legal document that establishes the relationship between the lessor (original landlord), sublessee (tenant) and lessee (original tenant) in the state of Kentucky. The agreement ensures that in the event of a transfer of ownership of the leased premises, the sublessee will recognize the new lessor as the landlord and continue to pay rent to them. This agreement provides security to both the lessor and sublessee by ensuring that their rights and obligations are protected throughout any changes in ownership. There are a few different types of Kentucky Attornment Agreement between Lessor and Sublessee of Lessee, depending on the specific circumstances: 1. Simple Attornment Agreement: This is the most common type of attornment agreement. It outlines the agreement between the lessor, sublessee, and lessee, stating that the sublessee acknowledges the change in ownership and agrees to continue paying rent to the new lessor. It also includes provisions for the new lessor to assume the responsibilities and obligations of the original lessor. 2. Attornment Agreement with Recognition of Security Interests: In cases where the leased premises are subject to any existing liens or security interests, this type of agreement includes provisions for the sublessee to recognize and respect these interests. The agreement ensures that the sublessee will cooperate with the lessor and any secured parties in protecting their respective rights. 3. Attornment Agreement with Lease Modifications: In some situations, the change in ownership may lead to modifications in the original lease terms. This type of attornment agreement outlines any changes and adjustments that need to be made to the lease agreement and ensures that the sublessee agrees to these modifications. It is important for both the lessor and sublessee to carefully review the Kentucky Attornment Agreement between Lessor and Sublessee of Lessee before signing. Legal advice should be sought to ensure that the agreement protects their interests and complies with Kentucky state laws.